According to statistics from the Export Promotion Bureau (EPB) of Bangladesh, from July 2014 to May 2015, Bangladesh’s export sales of ready-made garments reached US$22.92 billion. Although it increased by 5.51% from the previous period, it was far from the previous period. Far below the original target of US$24.26 billion. Bangladesh’s export target of ready-made garments for the 2014-15 fiscal year is US$26.9 billion. Before the end of this fiscal year, there is still a shortfall of US$3.98 billion.
Atiqul Islam, president of the Bangladesh Garment Exporter and Manufacturers Association (BGMEA), attributed the cause to Bangladesh’s domestic political situation, especially from January to March 2015, when garment industry shipments were hampered; in addition, other garment export countries, For example, orders from India, Vietnam and Pakistan are increasing, which will also affect Bangladesh’s garment industry. The BGMEA president also pointed out that the challenges faced by Bangladesh’s garment industry in the short term include unstable domestic energy supply and the continued appreciation of the international currencies US dollar and euro against the Dhaka currency; in the long term, the Trans-Pacific Partnership, TPP), the participating countries’ tax-free concessions for exporting garments have had an adverse impact on the Bangladesh garment industry.
Bangladesh’s garment export sales weaken
According to statistics from the Export Promotion Bureau (EPB) of Bangladesh, from July 2014 to May 2015, Bangladesh’s export sales of ready-made garments reached US$22.92 billion. Although it increased by 5.51…
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